Christopher Allen

@ChristopherA

I'm quite pleased that in this week's Wyoming Blockchain Task Force that they are discussing a legal issue that I have been personally advocating about, which is that keys should not be considered digital assets, as keys are not designed to be transferred…https://www.wyoleg.gov/InterimCommittee/2019/S3-2019081920LSO-0163v0.3.pdf

8/20/2019, 11:12:22 PM

Favs: 29

Retweets: 12

Christopher Allen

@ChristopherA

My key point is that attempting to demand keys has larger risks to both personal privacy and in multisig scenarios even the rights of others. Unlike keys, digital assets are designed to be transferred. You can see context for my advocacy in this thread…https://twitter.com/ChristopherA/status/1121883628701544449

8/20/2019, 11:16:52 PM

Favs: 11

Retweets: 3

Christopher Allen

@ChristopherA

It is also quite pleasing that the Wyoming legislative Blockchain Task Force is truly listening, not only to me but also to other blockchain experts and the broader community.

8/20/2019, 11:21:44 PM

Favs: 13

Retweets: 4

Christopher Allen

@ChristopherA

If you'd like to catch the discussion on this topic by the task force at this week's public meeting, it starts at the 3:24:36 mark. Some nuanced discussion, and the co-chairs @Rothfuss & @Tyler_Lindholm get the essence! Final language to still be drafted. https://youtu.be/4ga8ouSfcXU?t=12046

8/20/2019, 11:40:11 PM

Favs: 7

Retweets: 1

Christopher Allen

@ChristopherA

I’ve been trying to come up with an analogy for why you should treat keys extremely carefully and focus instead on the requirements to require use of them for transfer of assets but not the keys themselves. The best I have so far follows in next tweet…

8/21/2019, 10:31:41 AM

Favs: 4

Retweets: 1

Christopher Allen

@ChristopherA

Keys are like a safe-deposit box that opens to the secret words "Open Sesame". Anyone overhearing can make use those words to open the box, but also may compromise other assets belonging not only the key holder, but also joint property of their wife, their biz partner & more!

8/21/2019, 10:31:57 AM

Favs: 7

Retweets: 1

Christopher Allen

@ChristopherA

A good question about the current legal text in the Wyoming bill proposal from @jasoncoombsceo “(if) a private key is not an asset separate from the digital asset that it controls? Then stealing your key isn’t a theft, right” https://twitter.com/jasoncoombsceo/status/1163968752616013824?s=21

8/21/2019, 1:01:16 PM

Favs: 5

Retweets: 3